Many utility stocks (XLU) are offering dull upside potential due to their recent strength. However, NRG Energy (NRG) offers a potential upside of more than 11% compared to its current market price of $42.3. Analysts have given NRG Energy a median target price of $46.9. The stock has gained more than 40% over the past 12 months. Analysts seem to be positive on NRG Energy stock. Among the 11 analysts tracking NRG Energy, eight recommended a “buy,” while three recommended a “hold.” None of the analysts recommended a “sell” as of April 15.
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Recently, Edison International (EIX) stock has shown a massive uptrend. J.P. Morgan increased Edison International’s target price from $65.0 to $69.0 on April 15. SunTrust Robinson Humphrey also raised its target price from $72.0 to $77.0.
Bank of America Merrill Lynch raised CMS Energy’s (CMS) rating from “neutral” to “buy” on April 11. Analysts have given CMS Energy a median target price of $55.9 for the next 12 months. Analysts appear to be cautious on CMS Energy. Among the 16 analysts covering CMS Energy, ten recommend the stock as a “hold.”
The third-biggest utility by market cap, Dominion Energy (D) offers a dull upside potential of ~2% for the next 12 months. Credit Suisse reinstated Dominion Energy’s rating as “neutral” with a target price of $78.0 on April 12.